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Net Income: $7.3 million Depreciation Expense: $380,000 Increase in Accounts Receivable: $160,000 Decrease in Accounts Payable: $230,000 Purchase of Equipment: $820,000 Requirements: Calculate the operating
- Net Income: $7.3 million
- Depreciation Expense: $380,000
- Increase in Accounts Receivable: $160,000
- Decrease in Accounts Payable: $230,000
- Purchase of Equipment: $820,000
- Requirements:
- Calculate the operating cash flow.
- Determine the debt-to-equity ratio.
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
5th edition
73527076, 978-0077386214, 77386213, 978-0073527079
